CrownSterling achieved token listing on a couple of exchange platforms recently. One is from CoinGecko and the other is from BitMart. In a Twitter announcement they posted yesterday, BitMart is pleased to announce the primary listing of $WCSOV, which will let customers access the native CSOV token and CrownSterling product suite via a web swap functionality.
WCSOV to USDT trading on the BitMart Exchange started at 11:00 AM yesterday at $0.09. On CoinGecko, on the other hand, interested CrownSterling investors can buy WCSOV for $0.05. Moreover, it currently has a trading volume of $340,537.
The CrownSterling’s Primary Goal
In the form of algorithms and encryption tools, Crown Sterling provides next-generation cryptography. The team of mathematicians at Crown Sterling is raising the profile of digital security with non-integer-based encryption algorithms that leverage time, artificial intelligence, and irrational numbers.
Crown Sterling (CSOV) has developed CrownEncryptOTPTM, the first feasible utility for One-Time Pad encryption, as well as Crown Sovereign, a quantum-proof digital asset. Crown Sterling also pioneered the “Data Bill of Rights”. It declares that digital assets including data that tracking and monitoring one’s online activities created are the intangible personal property of original producers. Moreover, various existing laws in the US and around the world protect these digital assets and data.
CrownSterling’s WCSOV and CSOV Tokens
The difference between the two tokens is that the wrapped CSOV token, or WCSOV, connects CSOV to the Ethereum network. WCSOV is just a fiat currency that holds the value of CSOV on the Ethereum network.
The CrownSterling Network launched WCSOV, a wrapped CSOV token, to connect CSOV to the Ethereum network. Wrapped tokens are a type of cryptocurrency that has a fixed value tied to an underlying asset. The system stored the underlying asset in a digital vault. This allows traders to express and use CSOV on the Ethereum Network. Furthermore, the token holders of a wrapped token, unlike the native token, can utilize these tokens on non-native blockchains. After so, they may trade them back to the original token, in this case, CSOV.
In addition, Crown Sterling uses WCSOV as its wrapper token to ensure that the asset is pegged at a 1-1 ratio via a smart contract. This secures that the system maintains the CSOV and WCSOV supply parity. To preserve equilibrium, for every WCSOV user acquired, the system will store a CSOV in a custodial wallet. The WCSOV gets burned per smart contract when traders swap them back into CSOV. As a result, WSCOV will cease to exist. Users can trade CSOV for WCSOV in their Metamask wallet using the swap feature of our software. WCSOV will be tradable on decentralized applications once it is in the Metamask wallet.
Swapping CrownSterling Tokens
Each individual will have a daily swap limit of $20,000 CSOV. The system charges a transaction cost in CSOV to send the CSOV to the swap feature. Moreover, it also charges a transaction fee in ETH to mint the WCSOV in the trader’s Metamask wallet. In addition, it will also charge identical transaction costs to commence the conversion of WCSOV to CSOV.
